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Cnooc Buys Nexen for in China's Top Overseas Acquisition
Nexen's oil and gas assets include production platforms in the North Sea, the Gulf of Mexico and in Nigeria, as well as oil-sands reserves at Long Lake, Alberta, where it already produces crude in a joint venture with Cnooc. Those assets produced 207 ...
Skadden, Davis Polk, Paul Weiss, Dewey: Business of Law
Nexen will give Cnooc assets in Canada, the U.K., West Africa and the Gulf of Mexico that produced 207,000 barrels a day in the second quarter, boosting the Chinese company's output by about 20 percent.